China reported third quarter growth of 4.6 per cent, the lowest figure since the same period last year. Beijing has recently announced a raft of stimulus policies, hoping to achieve this year’s annual growth target of “around 5 per cent”.
“The Chinese side focused on explaining China’s current macroeconomic situation and a raft of incremental policies that have recently been introduced, and expressed concerns over the US imposition of additional tariffs on China and sanctions related to Russia,” the Chinese finance ministry said.
It also said there had been “in-depth, pragmatic, and constructive” talks on topics such as joint cooperation to help low-income countries cope with liquidity challenges and arrangements for future communications.
Earlier this week, Yellen criticised the lack of initiatives to boost consumer spending, saying she had not “really heard policy announcements on the Chinese side to address that in the way that I was hoping”.
The White House has repeatedly accused Beijing of signing fat cheques for state-owned firms and flooding global markets with cheap goods.